| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $1.9B | $1.9B | 2.6% | 0.2% |
| Op. Income | $40M | $56M | $39M | -28.3% | 2.4% |
| Gross Margin | 3.3% | 4.0% | 3.4% | -0.7pp | -0.1pp |
| Net Margin | 1.7% | 2.4% | 1.6% | -0.7pp | 0.1pp |
| EPS (Diluted) | $1.35 | $1.83 | $1.30 | -26.2% | 3.8% |
| Free Cash Flow | -$297M | $279M | $107M | -206.6% | -376.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $64M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $21M |
| Other Expenses | $3M |
| Operating Expenses | $24M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $40M |
| Interest Income | $5M |
| Interest Expense | $7M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $43M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $3M |
| EBIT | $50M |
| EBITDA | $54M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $64M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $21M |
| Other Expenses | $3M |
| Operating Expenses | $24M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $40M |
| Interest Income | $5M |
| Interest Expense | $7M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $43M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $3M |
| EBIT | $50M |
| EBITDA | $54M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $34M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $451.0K |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$329M |
| OPERATING CASH FLOW | -$295M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$16M |
| NET CASH FROM INVESTING | -$22M |
| Net Debt Issuance | $337M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $664.0K |
| NET CASH FROM FINANCING | $333M |
| FREE CASH FLOW | -$297M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $72M |
| Short-Term Investments | $0 |
| Net Receivables | $272M |
| Inventory | $923M |
| Other Current Assets | $42M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $17M |
| Goodwill | $101M |
| Intangible Assets | $67M |
| Long-Term Investments | $76M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $267M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $3M |
| Short-Term Debt | $689M |
| Deferred Revenue | $174M |
| Other Current Liabilities | $134M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $16M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $22M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $236.0K |
| Additional Paid-In Capital | $167M |
| Retained Earnings | $372M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $538M |
| Minority Interest | $1M |
| TOTAL EQUITY | $540M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $696M |
| Net Debt | $623M |
